MANAGEMENT

Detailed explanation-1: -Does your mediclaim cover doctor’s consultation? Around sixty per cent of Indians’ medical expenses is for outpatient treatment, such as doctor’s consultation fees and pharmacy bills. Yet, most health insurance policies do not cover these expenses. The policies largely limit themselves to hospitalisation bills.

Detailed explanation-2: -First, your health cover should be at least 50% of your annual income. And second, the insurance cover should at least cover the cost of a coronary artery bypass graft in a hospital of your choice. Most personal finance experts recommend a minimum health cover of Rs 5 lakh.

Detailed explanation-3: -Health insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to hospitalisation costs, cost of medicines or doctor consultation fees.

Detailed explanation-4: -Most health insurance plans do not offer an OPD cover and hence, it is usually available as an add-on cover. Some health insurance companies in India provide OPD insurance cover along with the basic plan. Check out the details of the OPD health insurance plans with their coverage benefits, and features.